Metalúrgica Riosulense (RSUL4) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 was R$100.2 million, a decrease of 0.82% year-over-year, with internal sales down 3.55% and exports up 25.33%.

• Consolidated net income reached R$13.4 million (13.33% of net revenue), down from R$15.0 million (14.89%) in Q1 2025.

• EBITDA rose 15.7% to R$27.6 million, with margin improving to 27.53% from 23.60%.

Financial highlights

• Gross profit was R$39.1 million, with gross margin at 39.0%.

• Operating expenses fell to R$13.3 million (13.31% of revenue), mainly due to reversal of tax provisions.

• Financial result was negative R$4.0 million, impacted by one-off tax-related interest and penalties.

• Total assets increased to R$467.1 million from R$453.5 million at year-end 2025.

• Equity reached R$287.4 million, up from R$274.0 million.

Outlook and guidance

• Management highlights that operational cash flow was negatively affected by dividend payments and tax settlements, but underlying operations generated positive cash flow.

• Investments of R$8.8 million were made in plant modernization, environmental certification, and equipment.